Shoring at this level with moderate leverage allows us to bear further upside with relatively low liquidation risk; the trend remains bearish on longer TFs, so the direction should be correct
Spx is on dynamic resistance (200 MA daily), vix looks ready to rebound and upcoming macro economic events will bring volatility to markets (FOMC decisions and 4 witches). I expect a retracement but remain cautious because there is no volume on the spot and therefore no directionality, anything could happen.
ETH is weak at this stage of the market and there is a fair chance of a capitulation event. The IV on options is very low, the spot has no volume, and the Open Interest rises.
